After being badly hit by the Europe wide recession Natuzzi is now more optimistic about the future. Sales fell from €342.3 million to €328.1 million (- 4.15%) in the first nine months of 2013 compared to the same period in 2012 but CEO Pasquale Natuzzi stated that the company is “near a turnaround”.
Leatherbiz reports that footwear manufacturing and retail group Brown Shoe Company has reported sales revenues of US$702.8 million for the third quarter of 2013, an increase of 1% compared to the same quarter in 2012.
Leatherbiz reports that Assocalzaturifici, the industry association that represents Italian footwear manufacturers, has said a system of helping small and medium-sized companies in the sector to secure funding for promoting their shoes, at home and overseas, will continue and will now help fund footwear production too.
According to Leatherbiz reports from Vietnam say that after receiving a US$100,000 batch of substandard leather, footwear manufacturer Lien Anh in Binh Duong Province plans to buy a tannery in Dong Nai Province to secure the quality of its supply.